President Arthur

SWAN, Circuit Judge.

In July, 1925', the libelant filed its libel in rem against the steamship President Arthur to establish a maritime lien for materials and labor expended in repairing and reconditioning the vessel. The cause was referred to a commissioner who reported that the libelant was entitled te a lieu in the sum of $132,539:44. On exceptions to his report, the District Court found that the work had been performed under written, contracts which provided for payment partly in cash and partly in the claimant's negotiable promissory notes indorsed by a third party, and held that for so…